New Zealand Gazette – 1995 – No. 101

Page 3194

✨ Financial Statements Notes

3194 NEW ZEALAND GAZETTE No. 101

The methods and assumptions used is that the carrying amount in the financial statements reflects the estimated fair value of the financial instruments including receivables, bank and short term deposits, payables and term loans. The fair value of interest rate swaps is estimated based on the quoted market prices of these instruments.

RELATED PARTIES

In accordance with Section 44(5)(f)(i) of the Energy Companies Act 1992, we disclose details of all transactions entered into between Egmont Electricity Limited and its local authority Shareholder, the South Taranaki District Council.

Electricity Sales and Line Supply Sales, attributable to Energy Trading and the Lines Business, made to the South Taranaki District Council for the twelve months ended 31 March 1995:

$35,793

Value of work done on behalf of Generation on the Patea Dam Reserve for the South Taranaki District Council for the twelve months ended 31 March 1995:

$11,052

Rates and other costs paid to the South Taranaki District Council for the twelve months ended 31 March 1995:

Generation

$166,517

Lines

$29,566

Intercompany Balances

As at 31/3/95

$000

Owing by South Taranaki District Council

Owing to South Taranaki District Council

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VUW Te Waharoa — NZ Gazette 1995, No 101

NZLII — NZ Gazette 1995, No 101

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💰 Notes to the Financial Statements for Egmont Electricity Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Fair Values, Related Parties, Egmont Electricity Limited, South Taranaki District Council

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